A US judge yesterday dismissed a “substantial portion” of claims facing a number of banks in a barrage of lawsuits accusing them of interest-rate rigging.

No exit, Mac

Ex-Freddie Mac chief executive Richard Syron and three other one-time officials lost their bid to escape a lawsuit accusing them of misleading investors.

UPS $ettles

Federal prosecutors said that United Parcel Service has agreed to forfeit $40 million to settle a probe into shipments on behalf of illicit online pharmacies.

Correction

A retired executive at the Food and Drug Administration claimed in a 1987 interview that a lawmaker stopped a probe into Herbalife. Also, Sen. Orrin Hatch, in the ’80s, headed the Labor and Human Resources Committee and now is ranking member of the Finance Committee, which doesn’t oversee the FDA. This information was incorrectly reported in a story on page 32 on March 29.